Published: Sept 2025
By FintechTT
The VAWG Releases Our Virtual Asset Position Statement
FintechTT
The Fintech Association of T&T (FintechTT) launched a Virtual Assets Working Group (VAWG) in response to concerns about the Government's Virtual Assets and Virtual Asset Service Providers Bill, 2025.
The bill proposed a crypto ban until December 2027. Members of FintechTT highlighted that there were people in T&T who have written virtual asset policies in countries such as Kenya.
Members expressed concern that regulation for virtual assets is necessary for consumer protection, but the ban is completely unnecessary because of the amount of literature and capacity that T&T has to regulate virtual assets. The industry would enable fruitful regulation with a more progressive bill.
The Virtual Assets and Virtual Asset Service Providers Act was ultimately passed in November 2025.